Whirlpool’s most recent trend suggests a bullish bias. One trading opportunity on Whirlpool is a Bull Put Spread using a strike $235.00 short put and a strike $230.00 long put offers a potential 47.06% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $235.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock dropped below the $230.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Whirlpool is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Whirlpool is bullish.
The RSI indicator is at 71.63 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Whirlpool
Dividend Hike, Stock Buybacks Boost Whirlpool Stock
Tue, 20 Apr 2021 14:35:00 +0000
The moves are a show of confidence from management that it believes business will remain robust in the months ahead—even as the pandemic eases.
Tuesday’s Pre-Market: Here’s What You Need To Know Before The Market Opens
Tue, 20 Apr 2021 13:10:47 +0000
US stock futures fell again on Tuesday, extending the losses from Monday’s session as investors are still evaluating the first quarter earnings of blue-chip companies. While the Dow and S&P futures fell by 0.4% each, Nasdaq futures dropped 0.3% at the time of writing. A slew of of corporate earnings are set to be reported today before the opening bell. These include Abbott (ABT), AutoNation (AN), Johnson & Johnson (JNJ), Lockheed Martin (LMT), Proctor & Gamble (PG), Philip Morris International (PM), Travelers (TRV) and Xerox Corp. (XRX) while Netflix (NFLX) is expected to report after the closing bell. Sundial Growers (SNDL), a licensed cannabis producer was the most actively traded stock in pre-market trading as the company stands to benefit from the US House of Representatives’ vote in favour of legislation that seeks to allow banks to legally serve cannabis producers. Akers Biosciences (AKER) was the biggest gainer in pre-market trading, up by 42.2% at the time of writing. There was no fundamental news explaining the gain in the stock price. However, the company was listed on the NASDAQ yesterday following last week’s approval by shareholders of the merger with AKER. Caci International (CACI) was the biggest laggard dropping 17% in the pre-market despite being awarded a $376 million contract by the NGA. Meanwhile, Nvidia’s (NVDA) proposed $40 billion acquisition of Cambridge-based Arm faces scrutiny from the UK Government. On Monday, the UK’s Secretary of State issued an intervention notice on behalf of the UK Government citing national security interests. The UK Government’s intervention notice stated, “Whereas the Secretary of State believes that it is or may be the case that a public interest consideration is relevant to a consideration of the relevant merger situation. Now, therefore, the Secretary of State in exercise of his powers under section 42(2) of the Act hereby gives this intervention notice.” Amazon (AMZN) has become Europe’s largest corporate buyer of renewable energy, as the company has invested in nine new renewable energy projects spanning across Canada, the US, Spain, Sweden, and the UK. Gregory Wetstone, President, and CEO of the American Council on Renewable Energy (ACORE) said, “Amazon continues to play a key role leading the corporate transition to renewable power worldwide and demonstrating that ambitious renewable targets are both achievable and widely beneficial.” Coca-Cola (KO) announced its 1Q results on Monday beating Street estimates. The company reported a 5% year-on-year increase in net revenues of $9 billion, beating analysts’ estimates of $8.6 billion and 1Q non-GAAP EPS of $0.55 that came in ahead of consensus estimates of $0.50. Coca-Cola’s Chairman and CEO, James Quincey said, “We remain focused on emerging stronger and executing against our growth accelerators during the recovery phase. We are pleased with the progress we are making. We are encouraged by improvements in our business, especially in markets where vaccine availability is increasing and economies are opening up, and we remain confident in our full year guidance.” Whirlpool Corp. (WHR) announced a share buyback program of $2 billion and also hiked its quarterly dividend by $0.15 to $1.40 per share. The dividend is payable on June 15 to shareholders of record on May 21. Whirlpool Corp. Chairman and Chief Executive Officer, Marc Bitzer said, “I am pleased to announce that we are increasing our dividend for the ninth consecutive year and have approved a significant expansion of our share repurchase program.” Bitzer added, “These actions highlight the confidence we have in our business to continue generating strong levels of cash and reflect our continued commitment to creating shareholder value.” Amgen’s (AMGN) investigational treatment bemarituzumab has received Breakthrough Therapy Designation from the U.S. Food and Drug Administration (FDA) for the treatment of gastric and gastroesophageal cancer based on results from the Phase 2 FIGHT trial. Amgen Executive Vice president of Research and Development, David M. Reese, M.D., said, “The FIGHT trial is the first study to evaluate targeting the overexpression of FGFR2b in cancer. Bemarituzumab demonstrated clinically meaningful outcomes in key endpoints for patients with advanced gastric or gastroesophageal cancer as a frontline therapy.” More recent articles from Smarter Analyst: Coca-Cola’s 1Q Results Beat Estimates Amid Uneven Global Economic Recovery Nvidia’s $40B Proposed Takeover of Arm Faces Scrutiny By UK Govt Whirlpool Corp Increases Share Buyback by $2 Billion, Hikes Quarterly Dividend By 12% Amgen’s Bemarituzumab Receives Breakthrough Therapy Designation
Whirlpool Corp Increases Share Buyback by $2 Billion, Hikes Quarterly Dividend By 12%
Tue, 20 Apr 2021 12:59:58 +0000
Kitchen and laundry appliance maker Whirlpool Corp. has announced a share repurchase program of $2 billion. This is an addition to the $531 million worth of the unused portion of the previous share buyback program as of December 2020. The company is also hiking its quarterly dividend by $0.15 to $1.40 per share. The dividend is payable on June 15 to shareholders of record on May 21. Whirlpool Corp. (WHR) Chairman and Chief Executive Officer, Marc Bitzer said, “I am pleased to announce that we are increasing our dividend for the ninth consecutive year and have approved a significant expansion of our share repurchase program.” Bitzer added, “These actions highlight the confidence we have in our business to continue generating strong levels of cash and reflect our continued commitment to creating shareholder value.” (See Whirlpool stock analysis on TipRanks) Furthermore, a key event to keep an eye on for investors is Whirlpool’s 1Q earnings expected to be reported after market hours on April 21. Analysts expect Whirlpool to report earnings per share of $5.02 on revenue of $4.78 billion. On April 19, Raymond James analyst Sam Darkatsh reiterated a Hold rating on the stock but did not assign any price target. Darkatsh thinks the “current robust demand level is unsustainable” and rising raw material prices should be a substantial headwind in fiscal 2022. For 1Q, Darkatsh estimates 19% year-on-year top-line growth for the company. Consensus on the street is that Whirlpool is a Moderate Buy based on 1 Buy and 3 Holds. The average analyst price target of $231 implies the stock is fairly priced. Shares have gained about 143% over the past year. Related News: DraftKings Inks Betting Deal With NFL; Shares Up 5.3% Amazon Experiments With Furniture Assembly Service – Report SeaSpine Holdings Prices 4.5M Public Offering At $19.50 Per Share More recent articles from Smarter Analyst: Amgen’s Bemarituzumab Receives Breakthrough Therapy Designation Hello Pal To Acquire Interest In Dogecoin And Litecoin Mining Assets; Shares Plunge 5% Johnson & Johnson Earnings Preview: Here’s What You Need To Know Hut 8 Enters Into Power Purchase Agreement With Validus Power; Shares Plunge 10%
Whirlpool (WHR) Boosts Shareholder Returns: What’s Ahead?
Tue, 20 Apr 2021 12:54:12 +0000
Whirlpool (WHR) hikes dividend and authorizes additional share repurchases in order to boost shareholder return. It also witnesses higher demand for kitchen and home appliances.
Is a Surprise Coming for Whirlpool (WHR) This Earnings Season?
Tue, 20 Apr 2021 12:44:12 +0000
Whirlpool (WHR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Follow Us on Facebook